Asked Dec 8, 2019

A corporation prepared its statement of cash flows for the year. The following information is taken from that statement:

Net cash provided by operating activities

$ 14,500

Net cash provided by investing activities


Net cash flow used in financing activities


Cash balance, end of year



What is the cash balance at the beginning of the year?


Expert Answer

Step 1

Statement of cash flows:

This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities. Operating activities include cash inflows and outflows from business operations. Investing activities includes cash inflows and cash outflows from purchase and sale of land or equipment, or investments. Financing activities includes cash inflows and outflows from issuance of common stock and debt, payment of debt and dividends.

Step 2

Calculate the cash balance at the begin...


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Cash balance end of the year (Net cash provided by operating activities+ Beginning cash balance = Net cash provided by investing activities - Net cash flow used in financing activities = $9,100 – ($14,500 +$4,200 – $12,400) = $9,100 – $6,300 = $2,800


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